Kerry/Lieberman Draft Climate Energy Legislation

Senators Kerry and Lieberman ratcheted up the fight to pass legislation to combat global warming unveiling a new climate bill on May 12, 2010, as the Gulf of Mexico oil disaster complicates the bill’s already difficult prospects this year.  The Gulf of Mexico spill has turned offshore drilling–an issue that was used to get votes from Republicans and conservative Democrats–into a political toxin.
Take time to read the bill and voice your opposition to your Senators at the toll free number 1-866-220-0044.

140 1 Senators Kerry Lieberman May 12, 2010 Draft Climate Energy Legislation for Discussion.pdf 140 1 Senators Kerry Lieberman May 12, 2010 Draft Climate Energy Legislation for Discussion.pdf
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The following issues are of concern:
  • Coal, oil, nuclear power, offshore oil drilling, banks, and Wall Street came out the winners on this bill.
  • The bill sets up a cap-and-trade system with the government providing free credits starting in 2013.  Full auctions would not be implemented until 2030. In Europe corporations that got free credits passed along an added cost for the value of those credits to their customers. This sets up a potential trillion dollar market which will create a new financial “bubble.”
  • The bill still has provisions to encourage offshore drilling but would allow U.S. states to prohibit offshore oil activity within 75 miles of their coasts.  It also allows coastal states to reap some revenues from drilling.
  • No greenhouse gases will be reduced until 2017.  Greenhouse gas emissions would be cut a paltry 17 percent by 2020 compared to 2004 levels and 80 percent by 2050.
  • Promotes “clean coal” with $2 billion per year for carbon capture and sequestration (on top of the $2.4 billion for carbon capture projects in last year’s stimulus package.  Politicians should stop perpetuating the myth of clean coal.  Three insurmountable hurdles with this technology are:
  1. It greatly reduces the output of power plants
  2. Pipeline capacity to move the newly captured carbon dioxide is woefully insufficient
  3. The volume of waste material is staggering
  • The bill includes provisions for boosting nuclear power.    In my opinion there is no safe level of nuclear radiation and I agree with Helen Caldicott who stated that “Global warming is the greatest gift the nuclear industry has ever received.”   Check out the following Truthout  article:
140L Nuclear Power Helen Caldicott Slams Environmental Groups on Nuclear Concessions DEC 28, 2009 Truthout.pdf 140L Nuclear Power Helen Caldicott Slams Environmental Groups on Nuclear Concessions DEC 28, 2009 Truthout.pdf
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